Southern Cross Media Receives ACCC Approval for Proposed Merger With Seven West
MT Newswires Live
Nov 13, 2025
Southern Cross Media (ASX:SXL) said that the Australian Competition and Consumer Commission (ACCC) will not oppose its proposed merger with Seven West Media (ASX:SWM), according to a Thursday filing with the Australian bourse.
The ACCC confirmed that the merger will not "substantially" lessen competition, the filing said.
The deal remains subject to approval from shareholders and the Australian Communications and Media Authority.
Shares of Southern Cross were up 2% in recent Thursday trade, while shares of Seven West rose nearly 2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.